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Chapter 3

ECON 320 Chapter Notes - Chapter 3: Procyclical And Countercyclical


Department
Economics
Course Code
ECON 320
Professor
Wenbo Zhu
Chapter
3

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Chapter 3: Business Cycle Measurement
Procyclical
- an economics variable that tends to move with GDP
Countercyclical
- an economic variable that tends to move against GDP
Acyclical
- an economic variable that is neither procyclical or acyclical
Leading Variable
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